New Zealand’s cryptocurrency market is booming with a whopping $3.2bn in daily trading volume, and the biggest single buy in recent weeks, the Australian cryptocurrency market, according to data from the latest Australian Stock Exchange data.
The Australian market was up 0.5% in the latest trading session, according a Bloomberg news release, while New Zealanders saw a 3.5-percent increase in daily volume.
Bitcoin surged to a record $1,946 per coin, with $2.5bn worth in trades in the last 24 hours.
The cryptocurrency’s price had risen by almost 2,000% in two weeks, making it the biggest one-day rally in history.
The biggest single BTC buy in the past week was the Australian exchange-traded fund, which has been trading at $2,959.83 per coin.
The exchange-ticker also recorded a 3% rise in bitcoin price, which is the biggest gain for the digital currency since mid-September, according the Bloomberg data.
It was up by 1,000 points or 8% on the previous trading session.
“New Zealanders are increasingly interested in cryptocurrencies, as they are more open to the concept and there is an appetite to diversify their assets,” a spokesman for New Zealand exchange-trade funds said.
Bitcoin has been in a steep rally, and has gained more than 7,000 percent this year.
Its price has more than tripled since last October, and was trading at more than $1.5m on Tuesday.